Announcement regarding the bond issuance to be sold outside Turkey
Announcement regarding the bond issuance to be sold outside Turkey
It was announced that, on its meeting held on January 16,2014 , the Board of Directors has authorized the Head Office to take the necessary actions, subject to market conditions, to arrange and sign the agreements and all other documents related to the bond or other borrowing instruments issuance transactions up to US$6,000,000,000 in total or equivalent in TL or in any other foreign currency, with different series and maturities and fixed and/or floating interest rates to be determined at the time of issuance in accordance with market conditions, to be sold outside Turkey in one or more issuances, including the selling and registration of the bond or other borrowing instruments to foreign stock exchanges. The application process related to the transaction has been initiated with the Capital Markets Board and other competent authorities; and it was announced in the weekly bulletin of the Capital Markets Board (“CMB”) numbered 2014/3 that the above-mentioned application has been approved by the CMB. In this regard, as of March 27th, 2014; GMTN (Global Medium Term Notes) program in the amount of US$6,000,000,000 has been updated in order to arrange bonds or other borrowing instruments issuance transactions in any currency with different series and maturities.
For a potential issuance under the program; our bank has mandated BBVA, Commerzbank, Deutsche Bank, ING and Societe Generale.